Minnesota tax collections down 2.7 percent for October

The state took in $29 million less than anticipated last month as payment of individual income taxes fell off, according to the state's Management and Budget Department. Tax collections totaled slightly more than $1 billion.

Tuesday's report continues a trend of disappointing tax collections. Revenues have come in nearly 2 percent, or $81 million, below projections since the current fiscal year began in July.

The full view of state finances will come next month when officials release a forecast that factors in spending.